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can get it done sooner in the first half of the year, if possible. >> and remember that debt ceiling hostage taking? well, today, senate republicans passed the debt ceiling extension. so you're seeing a confident president determined to carry out his second term agenda and it's happening right now. joining me now is nia maliqa henderson and joan walsh. >> joan, two weeks into the second term, what do you think he can get done? >> well, you know, i'm semi-optimistic about immigration reform, reverend al, although i'm starting to have a few more doubts. you know, if democrats were like republicans, they would not help the republy c llicans out and d immigration reform. but the president is trying, chuck schumer has put together this bipartisan group. but the thing that seems like a big sticking point to me is even the supposedly pro-immigration forces are saying enforcement first. and they're ignoring the fact that this president has been all about enforcement. i mean, you know it better than i do. there is some civil rights folks who are entirely happy with some of the deportation pol
and senate signed a bill to suspend the debt ceiling until may. that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten year
vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a provision in the bill being voted on today would whoeld house and
with this sequester, it was a total disaster for them. then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on that kind of rationale is not a political win, not a policy win. everybody is losing. >> the "new york times" op-ed says more than a million jobs are on the line if this deal isn't made. a quote saying the losses will soon spread as contracts to states and cities are cut, education and police grants are cut, and payments to medicare providers are cut, even the aid just approved to victims of hurricane sandy will fall under the sequester's act. americans are about to find out what happens when an entire political party demands deficit reduction at all costs b
these entitlements. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must be avoided because it puts all
to extend the debt ceiling, but another budget battle could shut down the entire federal government. rich edson is lye on capitol hill for the fox business network. what's going on, rich? >> reporter: good afternoon, jon. in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a got
off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along. >> molly, another fake fight. as it was described by mitch mcconnell there. but we know when you look at polling and watched since the end of the year, the polls show it's republicans who come up short where people believe they're presenting the fake fight, at least some of the polling. >> well, it is interesting to hear mcconnell describe it as focus group approved. they believe public opinion on their side and if there is what is viewed as gridlock and dysfunction in washington, republicans are blamed by that. i think the white house concluded, looking back on the last four years, that every time republican sort of faint and clutch their pearls about my gosh, he'
you go to 2011 and see that seven months was dedicated to arguing about the debt ceiling. the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy t
with this recent debt ceiling vote. i think, basically, business is going to have to come forward like with regard to the debt ceiling and say look, you can't do this. you are going to wreck the economy of the united states and wreck the economy of the world. i'm hoping that we won't get there. but, alex, i have to tell you, it would not shock me if we do. >> okay. let's switch gears. on the heels of the senate confirmation hearing for chuck hagel, has the political climate changed with the new members of congress on board? >> well, you know, with regard -- first of all, with regard to chuck hagel, the media basically reported that he got beaten up pretty bad. i didn't see it that way. i thought he held his own. i anticipate that we will have a lot of motion, commotion and emotion but chuck hagel will be confirmed. he'll do a great job. after all, the president should have the persons he wants to carry out his policy. i think that will be the case. with regard to the new congress, we have to have a wait and see situation. the number of tea partiers lost their seats. they're still a strong force in
't lose those spending cuts. that was to pay for the last debt ceiling increase, let alone any future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put this in context and think about what congressman ryan from wisconsin is really saying. republicans backed off their debt limit threat because they knew it was a political loser. and now they seem to be backing off their threat to shut down the government. sequester? well, that's another matter. if congress does nothing, the cuts take effect. republicans don't want defense cuts, but they might be willing to stomach those cuts because domestic programs would also get slashed, including medicare. and that's what republicans really want. let's turn to barney frank, former mass
fought the president on the debt ceiling. he called the obama administration the imperial presidency. he stepped out today to show there are no rough edges in this republican party. let's listen to cantor today. >> we'll advance proposals aimed at producing results in areas like education, health care, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. our goal is to ensure that every american has a fair shot to earn success and achieve their dreams. >> what a cover-up. your party ought to be ashamed of itself. you spent months in every state legislative capital trying to keep black people and poor people from voting or young people. now you're out pretending that you care about opportunity in america. it's an absurdity eric cantor -- >> the speech by eric cantor was a very good speech. >> if it wasn't given by him maybe. >> eric cantor is a good guy. he's got a family. he cares about this country. he's a patriot. he cares about making government work better,
. a political crisis over the debt ceiling might be further off than you think. chief congressional correspondent mike emanuel tells us about an idea to push the deadline the summer. >> sources say treasury officials told them to extent the debt creeling to mid-may could be stretched so the next deadline for action won't be until august if the senate passes the bill. to buy more time, they say extraordinary measures can be taken. the senate republican leader calls the debt crisis a chance to make the both leaner a more efficient. >> reducing the debt we eliminate an additional drag on the economy. so this isn't a conversation about austerity. it's a conversation about growth. and opportunity. >> republicans say part of getting the nation's fiscal house in order requires cutting government spending. democratic talking point this week is spending isn't the problem. it's the media. >> i am not going to keep cutting the discretionary budget which by the way is not out of control. despite what you hear on fox news. >> though this graphic from the office of management and budget shows the
the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house and senate have to pass budget by mid-april or member paychecks will be held. >> the united states could default on the obligation every few months. not an ideal way to run a government. a short-term solution is better than another imminent manufacturered crisis. >> house republicans passed budget in the obama era and created the salary threat so senate democrats who have not do so this year. >> republicans tried to pass amendments that prioritize payments when cash runs first, pay interest first, social security and active duty military pay. and measure offsetting new debt with the matching spending cut. >> no gimmicks or timing shifts but these would be real cuts and growth in federal spending. >> democrats blocked each amendment. the no budget no, pay act sent unauthorred to the president for promiseed signature. >> the motion carries. >> there is no break in the battle. new deadlines loom. unless the two parties agree on a compromi
the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the stimulus works. 3 million jobs because of the stimulus and other thing is about the education thing i menti
, the debt ceiling. now the sequester. i mean, we're now talk about perhaps $85 billion in spending cuts in 2013 if they don't get their act together on the sequester. that's pointing exactly in the opposite direction. so the fed is kind of setting the table but not getting the support from the congress on the fiscal side. >> so given the looming debt ceiling limit here, this week on morning joe the "new york times" economist argued why the u.s. should spend now and worry about deficit reduction later. here it is. >> dashing spending when you still have depressed economy is really destructive. it's probably even counterproductive even in purely fiscal terms. we should be sustaining government spending until we have a stronger economic recovery. >> this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation and i'll become a deficit hawk but not now. >> do you subscribe to that, jared? or is that too extre
report. we don't have to deal with the debt ceiling again until august. that's what the treasury department is telling members of congress now. last week house republicans agreed to suspend the limit on how much the feds can borrow until the month of may. but treasury officials say they can take extraordinary measures to move around some money and keep paying the bills a bit longer. in the meantime. the two parties are still going at it over government spending. mike emanuel live on capitol hill tonight. republicans hammering democrats over that growing national debt, mike. >> well, that's right, bill. $16 trillion and counting. republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so th
will not negotiate around the debt ceiling. they will not collect a ransom in exchange for not crashing the american economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to him. it needs to stop. >> this is not a complicated concept. >> he's standing strong. and that's making it even harder for an already divided gop to regroup. take exhibit a. earlier today, tagg romney's name was floated as a possible gop senate candidate in massachusetts. he's since bowed out. guess he saw what happened to the last romney. . >>> and then there's this. gop donors are turning to karl rove to help weed out far right candidates in upcoming races. really? isn't he the guy who blew $300 million in the last election? whose super pac had a 1% success rate? yeah, that guy. and, boy is the tea party upset. freedom works slammed rove's group saying the empire is striking back. calling him orwellian. it's full-on gop warfare. it's gop civil war. joining me now is michael steele and dana millbank. thank you both for coming on the show tonight. >> good to
deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman from nyu school of law, and michael medved, conservative commentator. great to see both of you. the president asking for a smaller package because a bigger deal can't get done. how is this moving the ball forward? there's blame to go on both sides here but it is pathetic. >> i think he probably would say that it's better to kick the can down the road than to kick the economy off the cliff. this is kind of a self-inflicted answer to a concocted cri
to come out then about mid may is the extension of the debt ceiling. but come back to your answer here, is that the motivation for harry reid not to produce a budget, he doesn't want to offend people? >> they d want to produce a budget because it makes you make choices. coming out of the 2010 election he was afraid and they were afraid of loosing their majority. they ae avoided every tough issue. we hardly did anything in the senate. when you have to budget you have to make decisions you can't speak in platte taoudz. that's why they've avoided doing a budget. think their time is up. they said they are going to produce a budget this year. that's important. look what we did this paul ryan's budget and how they beat it up. that's why they didn't want to produce one of their own. bill: it's my assumption that the senate produces a budget in april and it goes to the house and they say we are not moving on that. >> the normal process begins of negotiates where the two sides have to reconcile their differences in what they call a conference. this is the way this place is supposed to work not
, but things look good. we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by the question. in defense of molly's story and washington is getting better. that was not about dysfunction of washington, the two of them just do not like each other. that has nothing to do do with the broader things washington. the issue matrix is changing a bit. what we with saw in 2009 and 2010, when health care and economy were on the table, those are where the parties are fundamentally divided. that is going to be true. but the immigration, there's not the same divide with them. so it's not a polarizing issue with john kerry. part of the reason we are seeing less dysfunction -- on o
of the debt ceiling vote to do wait has not done in the last four years and that is present a budget resolution for four years the senate said we don't care if the law requires us to do it. we'll ignore that. martha: let's hope dave camp's proposal of taking on tax reform is something republicans have been talking about for a long time. chinned with the fact that the senate must act on a budget must get us into tangibles in terms of this discuss in washington. carl, thank you so much. always good to talk to you. gregg: disturbing information about iran's nuclear program. martha: this is one of the most interesting moments of the game. the light went out. i thought this was a blowout game and the next thing you know -- a firsthand account from what it was like at the stadium from a familiar football fan. hey, it's me, progressive insurance. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. [sigh] it feels good to help people save... with great discounts
the board cuts part of the deal that was made, the debt ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the power of the presidency t
and the democratic party. in terms of the debt ceiling deal, the fiscal cliff, the bipartisan senators who came together on immigration, which, aga again, that's kind of a rope thing in washington, d.c., but it's been absent for the last couple of years. when george w. bush was elected, no child left wind was a top domestic priority and you had a kind of gang of eight style thing. >> no child left behind just didn't happen. bush reached out to ted kennedy, and you worked the issue and -- >> sure. they worked on the recovery act. they want today recovery. >> they didn't work on the -- >> yes, they did. >> it was one of those ludicrous republican myths that obama didn't reach across the aisle. and ma myth is so foundational to a lot of republican thinking and i'm guessing to you and i it seems so divorced from reality that it's hard to even engage with, right, the idea that obama didn't attempt to genuinely attempt a bipartisan governing style. >> you can call it a myth. i think the proof is in the pudding. i think that this -- >> so you blame obama for the fact that there's this -- >> listen, i'
republicans. >>brian: it is unbelievable. they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers. so how do you -- how do you piece it together in your mind that the economy can be doing so poorly and yet the president is more popular than ever. fun know the answer, e-mail us or tweet us. >>steve: there's so many low-information viewers and votes out there. >>brian: that's their choice. >>steve: absolutely. when the payroll tax hit at the first of this year, they are going to go where did that money go? it was a shock to them. senator john thune yesterday tweeted after jay carney blamed the house democrats. -- house republicans. he says white house secretary blame
Search Results 0 to 45 of about 46 (some duplicates have been removed)